Golden Opportunity For Those Wanting A Turkish Citizenship

Golden Opportunity For Those Wanting A Turkish Citizenship

Within the frame of “Regulations about Changing the Regulations Related to The Application of Turkish Citizenship Law” that is published in the government gazette today, the minimum real estate price that foreigners had to pay for getting a citizenship has been reduced to $250 thousand from $1 million. Ministry of Interior Affairs stated that for those foreigners who want to get a citizenship new specialized offices will soon be opened and all necessary processes will be completed at the earliest.

With the published ordinance signed by President Recep Tayyip Erdoğan, the 20th clause of The Regulations Related to The Application of Turkish Citizenship Law which includes regulations about foreigners getting “Turkish Citizenship exceptionally” has been changed.

INSTEAD OF $1 MILLION, $250 THOUSAND IS ENOUGH

After new regulations, the presumed capital asset in order to get Turkish Citizenship has been reduced to $500 thousand from $1 million. Also, the minimum real estate price that foreigners who own property in Turkey and want to get citizenship has been decreased to $250 thousand from $1 million.

Another condition for getting a citizenship was at least providing employment for at least 100 people and it is also changed to 50 people from 100. Additionally, the amount of money that foreigners had to deposit in the banks located in Turkey was reduced to $500 thousand from $3 million.

MINISTRY’S STATEMENT

In the statement that Ministry of Interior Affairs published about this topic, it was said that for those foreigners who want to get a citizenship new specialized offices will soon be opened and all necessary processes will be completed at the earliest.